Specialist law firm Just Costs has secured £1.1m in bank funding to fuel its growth, with significant expansion and possible acquisitions on the horizon.
NatWest has agreed the funding package as Just Costs looks to recruit 30 staff to its enlarged Manchester headquarters, as well as its offices in Chesterfield and London.
Just Costs already employs in excess of 100 people, having added 29 in the past six months. With more than 350 clients around the country, Just Costs had an annual turnover of £5.4m in 2013, and is expecting to reach £6.4m this year.
The firm said it is also “on an acquisition hunt and is currently in talks with other specialist costs firms”.
NatWest relationship manager Aldo Palazzo said: “Just Costs has a strong presence in the legal sector and an astute management team. We are confident the wide working relationship both locally and nationally will continue to strengthen, with Just Costs taking full advantage of growth opportunities in the markets they operate, and we wish them every success for the future.”
Just Costs managing director Paul Shenton said: “We are delighted that the NatWest funding has afforded Just Costs the exciting opportunity to take our expansion and growth plans to another level.
“When we met Aldo from NatWest we liked the fact he was part of team that looked after solicitors, which for us provided added value. It’s good for our business to know someone who is well placed like Aldo and we can support him as well.”